2. Mineral Rights and Properties, Net

Mineral rights and properties, net consisted of the following at the end of each period presented.


	March 31,		June 30,
	2026		2025
	(in thousands)
Mineral properties	$	6,733	$	6,733
Hydrology wells		547		547
Asset retirement cost, net of accumulated amortization of $168 and $66 as of March 31, 2026 and June 30, 2025, respectively(1)		353		455
Mineral rights and properties, net	$	7,633	$	7,735

(1)

Represents the carrying value of capitalized costs associated with asset retirement obligations, as discussed in Note 5-Asset Retirement Obligations.